Category
Manufacturing
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Dorel warns U.S. tariffs could impact its business, result in price increases
Montreal – Manufacturer Dorel Industries Inc. warns that proposed tariffs in the U.S. would have a significant impact on all three of its major business lines and could result in higher prices for consumers. The bicycle, furniture and baby ware…
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PTDA Foundation Endorses Manufacturing Day 2018
Manufacturing Day is coming on October 5, 2018. It presents an opportunity for power transmission/motion control (PT/MC) distributors to support their manufacturer suppliers and raise their own visibility as an employer within their own communities. PT WORK Force, an initiative…
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Uniboard Invests in Val-d’Or facility
Uniboard announced an investment of $38.5 million to its Val-d’Or facility. This is the second phase of a major upgrade project to build a particleboard and thermally fused laminate (TFL) facility in Val-d’Or. The modernization will focus on screening, sifting,…
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Dixie cup plant to close in Brampton, Ont., 133 workers to lose jobs
More than 100 employees will lose their jobs after Georgia-Pacific announced it will close its Dixie cup manufacturing plant in Brampton, Ont. “The decision was based on kind of business needs and customer demand,” said spokesman Kelly Ferguson. “It really…
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Nova Scotia premier to discuss trade issues during trip to Washington, D.C.
Halifax – Nova Scotia Premier Stephen McNeil says he will travel to Washington, D.C., on Monday to discuss potential American tariffs on cars and auto parts. McNeil says he will meet with officials at the United States Department of Commerce…
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HARTING Canada Hosts Annual Media Day
HARTING Canada recently held its annual Media Day at the Cluny Bistro in Toronto, Ontario. The event gave those in attendance a sneak peak at some of the products the company is working on. Ashley Smith-Heine, Vice President of Sales,…
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Timken Company Acquires Rollon Group
The Timken Company, an engineered bearings and power transmission products company, has reached an agreement to acquire Rollon Group from Chequers Capital and IGI Private Equity. Rollon specializes in the design and manufacture of linear guides, telescopic rails and linear…
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Former FCA CEO Passes Away
Sergio Marchionne, former CEO of Fiat Chrysler Automobiles (FCA) has passed away. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” said John Elkann, EXOR. “I believe that the best way to honor his…
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Emerson Completes Purchase of Aventics
Emerson has completed the purchase of Aventics, a global smart pneumatics technologies that power machine and factory automation applications company. The acquisition is expected to expand the company’s reach in the growing $13 billion fluid automation market and solidify Emerson’s…
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PTDA Adds New Member Companies
The Power Transmission Distributors Association (PTDA), the association for the industrial power transmission/motion control (PT/MC) distribution channel, added four new member companies. Two distributor and two manufacturer members were added, they are: MISUMI USA, currently serves over 240,000 customers worldwide by…
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NAFTA talks hurt Canadian exporters even before trade dispute escalation: poll
Ottawa – A growing number of Canadian exporters were saying the NAFTA talks were having a negative impact on their operations even before the trade dispute with the United States escalated in recent weeks. A survey done for Export Development…
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Bank of Canada raises rate, predicts economic resilience despite trade risks
Ottawa – Undaunted by expanding trade risks, the Bank of Canada governor Stephen Poloz raised the interest rate Wednesday and signalled the economy’s resilience is keeping him on a hiking trajectory. The quarter-point increase, the central bank’s first move in…
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Bombardier’s C Series aircraft officially renamed A220 as it joins Airbus family
Montreal – Bombardier Inc.’s name will no longer appear on its C Series jet, which has been officially renamed the A220 as it joins the Airbus family of commercial aircraft. The name change comes after Airbus officially took a majority…
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Michelin agrees to buy Quebec off road tire maker Camso for US$1.7 billion
Montreal – Michelin says it has reached agreement to purchase Quebec off-road tire maker Camso for about US$1.7 billion. The French-based tire giant says the acquisition will create the world’s largest off-the-road division. Camso, a privately held company based in…
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Machine learning technology make legacy assets smarter
Automate machine learning by creating a data pipeline from legacy equipment.
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Bombardier stands to benefit from Chinese tariffs on U.S.
Montreal – Chinese retaliatory tariffs on U.S. products are expected to have mixed impacts on Canada’s agriculture sector but an aerospace analyst says Bombardier stands to gain from duties against U.S. small aircraft. Richard Aboulafia of the Teal Group says…
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ABB completes acquisition of GE Industrial Solutions
ABB announced it has completed its acquisition of GE Industrial Solutions (GEIS), GE’s global electrification solutions business on June 30, 2018. The transaction was announced on September 25, 2017, and is expected to be accretive to operational EPS in the…
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Enbridge Line 3 pipeline approval expected to ease Canadian oil price woes
Calgary – Canada’s oilpatch is eagerly anticipating higher prices and profits after Minnesota regulators approved Calgary-based Enbridge Inc.’s $9-billion project to upgrade its deteriorating Line 3 crude oil pipeline through the state. The replacement pipeline is to restore Line 3’s…
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Bombardier and union reach new collective agreement for Toronto workers
Toronto – Bombardier says it has reached new three-year collective agreements with more than 2,100 production and office workers at its operations in Toronto. The contracts cover workers represented by Unifor Local 112 who work at Bombardier’s Downsview plant and…
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Maple Leaf Foods buying poultry plants in Ontario and Quebec from Cericola Farms
Mississauga, Ont. – Maple Leaf Foods Inc. has signed an agreement to buy two poultry plants and associated supply from Cericola Farms, a privately held company. The plants are in Bradford, Ont., and Drummondville, Que., and together process a total…
